Enterprise
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Verizon buys Fleetmatics for $2.4B in cash to step up in telematics
Hot off the heels of its acquisition of Yahoo last week for $4.8 billion, today Verizon announced another huge purchase: it’s buying Fleetmatics, a telematics company based out of Dublin, Ireland, for $2.4 billion in cash, to build out the products that it offers to enterprises in the areas of logistics and workforces that are on the move. The deal will make Fleetmatics a part… Read More
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Dedrone partners with Airbus to bring drone detection to wide open spaces including airports
A startup that helps businesses determine when drones are flying unwantedly or otherwise into their airspace, Dedrone, has partnered with the electronics division of civil aircraft manufacturers Airbus to bring drone detection to wide open spaces and remote locations. Through their partnership, Dedrone will integrate Airbus’s long range radar technology into its systems which are… Read More
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Big data integrator Talend pops 54% in Nasdaq debut, raising $94.5M
French-American big data startup Talend made its debut as a public company today with a pop. After pricing its shares at $18 last night (above the expected range of $15-$17), the company began trading on Nasdaq under the ticker TLND at $27.66, up 54 percent on its IPO price, giving the company an implied valuation of $537 million. However, in the immediate hour after opening, the… Read More
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Oracle takes the cloud revenue fast track with $9.3 billion Netsuite deal
When Oracle bought NetSuite yesterday for a cool $9.3 billion in cash, it let the world know it was now totally serious about growing cloud computing revenue. That wasn’t always the case. In the early days of the cloud, Oracle was content to sit on the sidelines and make fun, while it raked in traditional license and maintenance revenue. In fact, CEO Larry Ellison famously ridiculed… Read More
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Oracle buys enterprise cloud services company NetSuite for $9.3B
Oracle will acquire NetSuite for about $9.3 billion, or $109 per share in an all-cash deal, the companies announced Thursday. Both Oracle and NetSuite’s cloud service offerings aimed at enterprise customers will continue to operate and “coexist in the marketplace forever,” according to a statement by Oracle CEO Mark Hurd.
Hurd called NetSuite and Oracle’s offerings… Read More
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Sales and marketing startup LeadGenius raises $10M
LeadGenius announced today that it has raised $10 million in Series B funding. Formerly known as MobileWorks, LeadGenius helps customers find likely sales leads and reach out to them with automated emails. The company says revenue increased 6x in the past 20 months, with customers including eBay, Box and Weebly. LeadGenius has now raised more than $21 million in funding. The new round was… Read More
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LivBlends renames itself Replenish and gives us a first look at its futuristic smoothie machine
Nearly two years ago LivBlends was a Y Combinator smoothie delivery startup. The company has evolved since then, raised $3.8 million in seed from various investors and switched its name to Replenish. It’s also moved away from delivery and into manufacturing a line of Keurig-like self-cleaning smoothie machines. Replenish is still in the testing phase of the product, but… Read More
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Everything you need to know about Apple’s huge third quarter
Apple’s third quarter results came out today. They’re pretty good! Or, at least, not bad — and good enough to keep investors happy. Very happy, actually: the stock jumped more than 7%, recovering pretty much all of the value it lost when it reported a complete whiff of a second quarter. It’s no monster crash or jump like Twitter regularly experiences, but 7% is enough… Read More
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Apple beats earnings expectations by a mile, and its stock is soaring
Apple needed a breakout quarter after its last whiff, and boy did it get one. The company reported revenue of $42.4 billion and earnings of $1.42 per share. Analysts were expecting earnings of $1.38 per share on revenue of $42.09 billion. As a result the company added tens of billions of value back to its share price, which rose more than 6% in extended trading. (6% might not feel like a… Read More
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Prospera raises $7 million to put computer vision and AI to work on the farm
A Tel Aviv-based startup called Propsera has raised $7 million in new venture funding to build out systems that will monitor and help farmers improve the health of their crops, and optimize their operations. Bessemer Venture Partners led the Series A round. Prospera CEO and co-founder Daniel Koppel said agriculture professionals have plenty of tech at their disposal today from soil and… Read More
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